MuniMae considering strategic alternatives

By Lisa Kerner

Charlotte, N.C., June 26 - Municipal Mortgage & Equity, LLC is considering strategic alternatives to enhance shareholder value with the assistance of Lazard Ltd., it was announced on Thursday.

Alternatives could include the raising of capital through the sale or recapitalization of business units and additional asset sales, a MuniMae news release said.

MuniMae noted that there is no assurance that the strategic review process will result in any transaction.

The company said it will not disclose developments in regards to the review unless and until its board of directors has approved a specific transaction.

Baltimore-based MuniMae and its subsidiaries arrange debt and equity financing for developers and owners of real estate and clean energy projects.

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